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Viewing 15 posts - 16 through 30 (of 96 total)
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  • May 26, 2008 at 9:45 PM #211897
    EconProf
    Participant

    BobS
    Uh, actually no, Radelow.
    I am paying the bank 6% to rent the money.
    I am investing it at 3%.
    My true cost is a net of 3%.

    Get out a paper and pencil and do the numbers for $100,OOO for one year.

    May 26, 2008 at 11:53 PM #211829
    stop_the_bubble_hype
    Participant

    We thought about withdrawing but the higher interest (over what we’d make in bank) just didn’t add up. I’m going to dispute because I’m afraid of the ding to my credit.

    Does anyone know if there is a negative credit implication to all this (my original question)?

    May 26, 2008 at 11:53 PM #211900
    stop_the_bubble_hype
    Participant

    We thought about withdrawing but the higher interest (over what we’d make in bank) just didn’t add up. I’m going to dispute because I’m afraid of the ding to my credit.

    Does anyone know if there is a negative credit implication to all this (my original question)?

    May 26, 2008 at 11:53 PM #211929
    stop_the_bubble_hype
    Participant

    We thought about withdrawing but the higher interest (over what we’d make in bank) just didn’t add up. I’m going to dispute because I’m afraid of the ding to my credit.

    Does anyone know if there is a negative credit implication to all this (my original question)?

    May 26, 2008 at 11:53 PM #211950
    stop_the_bubble_hype
    Participant

    We thought about withdrawing but the higher interest (over what we’d make in bank) just didn’t add up. I’m going to dispute because I’m afraid of the ding to my credit.

    Does anyone know if there is a negative credit implication to all this (my original question)?

    May 26, 2008 at 11:53 PM #211982
    stop_the_bubble_hype
    Participant

    We thought about withdrawing but the higher interest (over what we’d make in bank) just didn’t add up. I’m going to dispute because I’m afraid of the ding to my credit.

    Does anyone know if there is a negative credit implication to all this (my original question)?

    May 27, 2008 at 6:28 AM #211849
    EconProf
    Participant

    BobS
    There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
    Please let us know what they say when you dispute it.

    May 27, 2008 at 6:28 AM #211920
    EconProf
    Participant

    BobS
    There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
    Please let us know what they say when you dispute it.

    May 27, 2008 at 6:28 AM #211949
    EconProf
    Participant

    BobS
    There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
    Please let us know what they say when you dispute it.

    May 27, 2008 at 6:28 AM #211970
    EconProf
    Participant

    BobS
    There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
    Please let us know what they say when you dispute it.

    May 27, 2008 at 6:28 AM #212002
    EconProf
    Participant

    BobS
    There is no chance this could hurt your credit. They are merely adjusting their allowable credit line in accordance with the falling value of the collateral, as permitted in the HELOC contract.
    Please let us know what they say when you dispute it.

    May 27, 2008 at 7:47 AM #211884
    PatentGuy
    Participant

    “I am paying the bank 6% to rent the money. … I am investing it at 3%.”

    Is this one of those strategies where you make it up on volume?

    May 27, 2008 at 7:47 AM #211956
    PatentGuy
    Participant

    “I am paying the bank 6% to rent the money. … I am investing it at 3%.”

    Is this one of those strategies where you make it up on volume?

    May 27, 2008 at 7:47 AM #211984
    PatentGuy
    Participant

    “I am paying the bank 6% to rent the money. … I am investing it at 3%.”

    Is this one of those strategies where you make it up on volume?

    May 27, 2008 at 7:47 AM #212005
    PatentGuy
    Participant

    “I am paying the bank 6% to rent the money. … I am investing it at 3%.”

    Is this one of those strategies where you make it up on volume?

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